At 7.4% CAGR, the Europe Cement Board Market is projected to be worth US$ 11,074.93 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe cement board market was valued at US$ 7,222.27 million in 2022 and is expected to reach US$ 11,074.93 million by 2028, registering a CAGR of 7.4% from 2022 to 2028. Rising adoption of cement board in construction sector and upsurge in demand for energy-efficient buildings are the critical factors attributed to the Europe cement board market expansion.        

The construction industry is booming in Germany. According to European Union, Germany has spent approximately USD 2.7 billion on building renovation. Populace growth, demographic changes, and a favorable economic environment are propelling high demand for residential buildings. The growing demand for new residential construction projects in urban areas to support growing migration to the cities and the surging population is likely to propel the growth of Europe cement board market over the forecast period.

On the contrary, the high cost of installation hampers the Europe cement board market.

Based on product type, the Europe cement board market is segmented into fiber cement board and cement bonded particle board. The fiber cement board segment held 91.2% share of Europe Cement Board Market in 2022, amassing US$ 6,587.23 million. It is projected to garner US$ 10,142.44 million by 2028 to expand at 7.5% CAGR during 2022–2028. 

Based on application, the Europe cement board market is segmented into roofing, outside siding or façade, and others. The outside siding or façade segment held 45.0% share of Europe Cement Board Market in 2022, amassing US$ 3,253.25 million. It is projected to garner US$ 4,947.51 million by 2028 to expand at 7.2% CAGR during 2022–2028.

Based on end-use, the Europe cement board market is segmented into residential and non-residential. The non-residential segment held 50.6% share of Europe Cement Board Market in 2022, amassing US$ 3,657.24 million. It is projected to garner US$ 5,489.85 million by 2028 to expand at 7.0% CAGR during 2022–2028.

Based on country, the Europe cement board market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 27.1% share of Europe Cement Board Market in 2022. It was assessed at US$ 1,955.94 million in 2022 and is likely to hit US$ 2,884.88 million by 2028, exhibiting a CAGR of 6.7% during the forecast period.      

Key players dominating the Europe cement board market are Compagnie de Saint Gobain SA; Etex N; James Hardie Industries plc; Nichiha Corp; SCG Building Materials Co., Ltd.; Soben International Ltd; Swisspearl Group AG; and Visaka Industries Ltd, among others.

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